The payments, even if they seem to be customary, are usually illegal under local laws as well. The result is that most health care providers select the generic drug makers as If you find that you are supporting a regime that oppresses its citizens, engages in discrimination and does not recognize basic freedoms, the ethical action is to withdraw from the market.
When markets in foreign countries offer a higher profit potential than your home market, it makes sense to expand internationally. Look at the 2 examples below of how mergers and acquisitions have affected the way in which companies do business.
Why do you think consumer advocates have expressed concern over such merger possibilities? Smaller gifts, of a size that would not normally influence a major decision, are considered ethical in some societies and may be legal under local and U. Companies may discharge harmful materials into the environment and avoid costly anti-pollution measures.
An effective approach is to develop company standards which protect workers while fitting into the local economy. When your company makes such payments, it is encouraging a local system of corruption through unethical behavior.
Solution Summary International Legal and Ethical Issues is discussed very comprehensively in this explanation. An ethical approach to your expansion into such markets is to limit your environmental footprint beyond what is required by local laws.
The Federal Trade Commission FTC is conducting an investigation to determine whether the company has engaged in activities to prevent generic alternatives to the prescription drug from entering the market. Human Rights The country into which you are expanding may not respect basic human rights.
Foreign Corrupt Practices Act.
Specifically, the FTC is challenging a practice among brand-name and generic-drug manufacturers to agree to delay the introduction of the lower priced generic drugs to the market.
Your standards have to guarantee a living wage, protect the safety of your workers and establish a reasonable number of hours for the work week. Since your company has the knowledge and expertise to operate within U,S. Pollution Not all foreign countries have environmental legislation that makes it illegal to pollute.
You have to address the legal and ethical issues of your entering these markets to make your expansion a success. If you find that the regime allows you to observe human rights within your organization and that your presence moderates human rights abuses, you may actively work to improve local conditions.
Although some agree that the synergy between these companies could be dynamic, others feel consumers could ultimately pay the price for the merger depending on which company becomes dominant in the various service areas.
Mergers and monopolies can limit the choices offered to consumers because smaller businesses are not usually able to compete.
Decide which one you would like to use for this project and prepare an APA formatted research paper that responds to the aligned questions. Why would the drug maker want to stymie generic competition? What are the possible ethical dilemmas present in this example?
First, the generic competitors are direct competitors to the drug maker and their entry would reduce the sales and profits of the drug maker. These makers are able to market these drugs at very low prices. The drug maker would want to stymie generic competition for several reasons.
If you hire workers there, you face the issue of what pay levels and working conditions are acceptable. What types of legal barriers to market entry exist?International Legal and Ethical Issues Law/ February 12, Danny Richey International Legal and Ethical Issues When dealing with International transactions one needs to know how to resolve legal disputes, know some practical considerations of taking legal actions against foreign businesses in another country and what factors could.
Here is the best resource for homework help with BUSN International Legal and Ethical Issues in Business at American InterContinental University.
International Legal and Ethical Issues LAW/ December 18, International Legal and Ethical Issues Our society is involved in a global economy that deals with many countries, cultures, business ethics, monetary differences, and government policies.
Jun 26, · You have to address the legal and ethical issues of your entering these markets to make your expansion a success. Employment. Wages and the working environment in overseas locations are often inferior to those in the United States, even when you fulfill all local legal requirements.
Running head: International Legal and Ethical Issues in Business Unit 1 Individual Project Delinda Mosley- Thurmond American InterContinental University Online Abstract An upcoming meeting with your new company's chief executive officer (CEO) and other executives is a great opportunity for you to share your knowledge of potentially.
Describe the legal, ethical and regulatory issues for the 3 selected websites and how they handle security, confidentiality and international issues the legal, ethical and regulatory issues that the Web sites must address.Download